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Home Personal Finance DA hike: Good news! Dearness allowance increased for these employees, know how...

DA hike: Good news! Dearness allowance increased for these employees, know how much salary increased

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DA hike: Good news! Dearness allowance increased for these employees, know how much salary increased

DA hike: The central government has increased the dearness allowance for those central employees and employees of central autonomous bodies who are getting salary as per 6th and 5th Pay Commission.

Govt Employees DA hiked: The central government has increased the dearness allowance (DA) of those central employees and employees of Central Autonomous Bodies who are getting salary as per 6th and 5th Pay Commission. This increased DA will be considered effective from July 1, 2024. Let us know how DA is calculated for this and how much your salary will increase after this increase.

How much has DA increased under 6th Pay Commission?

The central government has increased the dearness allowance of the employees of central autonomous bodies under the 6th Pay Commission from 239% to 246%. This means that now the employees coming under the 6th Pay Commission will get DA at the rate of 246% on their basic salary. This new DA has come into effect from July 1, 2024.

How much will the salary increase under the 6th Pay Commission?

DA is calculated on the basic salary of the government employee. For example, if the basic salary of a central employee is Rs 43,000 per month and he is receiving salary as per the 6th Pay Commission, then earlier his DA was Rs 1,02,770 at the rate of 239%. Now with the rate of DA being 246%, his DA will increase to Rs 1,05,780.

How much has the DA increased under the 5th Pay Commission?

The dearness allowance for employees receiving salary under the 5th Pay Commission has been increased from 443% to 455%. This means that the employees who are getting salary on the basis of 5th Pay Commission will now be given DA at the rate of 455%. This will also be considered effective from July 1, 2024.

DA hike under 7th Pay Commission

According to the 7th Pay Commission, Dearness Allowance (DA) and Dearness Relief (DR) for salaried central employees and pensioners has been increased from 50% to 53%. Its benefit has also come into effect from July 1, 2024. This new increase in DA of 6th and 5th Pay Commission employees was awaited, which has now been completed.

Why is dearness allowance given?

Dearness Allowance (DA) is a part of the salary of government employees and pensioners which is given to reduce the impact of rising inflation. The central government reviews the dearness allowance every year in January and July, so that the actual salary of the employees can be kept in line with inflation.

Why is DA changed?

Dearness Allowance is an important part of the salary of government employees and pensioners which is given to reduce the impact of rising inflation. DA rates are changed on the basis of inflation rate and it also depends on the place of work of the employees (urban, semi-urban, or rural area). The central government reviews the DA rates every year in January and July so that the salary of the employees remains in line with inflation.

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